This is a public record generated listing.

Assets of Movie Theaters Business

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Assets of Movie Theaters Business



Price: Not Specified

Other Item Info
Item #: debke_184452
Created: 03/05/2021
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Location: Wilmington, Delaware
Sale Date: Wed. Apr 28, 2021
Seller Info
Betsy Feldman
Debtor's Attorney
Rodney Square 1000 North King Street
Wilmington, DE 19801
302-571-6600
Bankruptcy Info
Case #: 1:21-bk-10474
Case Title: Alamo Drafthouse Cinemas Holdings, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Auction Sale of substantially all of assets of Alamo Drafthouse Cinemas Holdings, LLC, and its affiliated sellers (collectively, the “Sellers”), which includes:

  • All cash, cash equivalents, prepayments (including all prepayments made to third party vendors), deferred assets, refunds, credits or overpayments, except for the Excluded Cash;
  • All accounts receivables of the sellers, except for any receivable related to an Excluded Asset;
  • All inventory of the sellers; any directors’ and officers’ (or similar) insurance policies, any insurance policies of Sellers that covers directors and officers, and any rights thereunder;
  • All insurance policies of Sellers and any claims thereunder to the extent such policies relate to the operation of the sellers business or to any Assumed Liabilities; except for coverage and proceeds for any claims relating to or arising prior to the Closing Date; those unexpired leases designated by Purchaser (the “Assigned Leases”) with respect to all real property leased, licensed or otherwise granted to the sellers; those executory contracts designated by the Purchaser (“Purchased Contracts”);
  • Any security deposits held by counterparties to Purchased Contracts;
  • All furniture, fixtures, equipment, marketing materials and other personal property used in the operations of the sellers;
  • All merchandise and other personal property used in the operation of the sellers;
  • To the extent transferable pursuant to applicable law, all permits required for Sellers to conduct business as currently conducted or for the ownership, operation, use, maintenance, or repair of any of the Purchased Assets;
  • All books and records of the sellers;
  • All intellectual property of the sellers;
  • All general intangibles associated with the sellers business;
  • All guarantees, representations, warranties, and indemnities associated with the operation of the business, including in respect of any Assumed Liabilities;
  • All claims, causes of action, choses in action, rights of recovery, rights of set off and rights of recoupment (including any such item relating to the payment of taxes) other than counterclaims and defenses related to Excluded Assets, including all claims and causes of action arising under Sections 544 through 553 of the Bankruptcy Code or any analogous state law (the “Avoidance Actions”) and proceeds thereof;
  • All prepayments, deposits, deferred assets, rights to refunds (including pre and post-bankruptcy rights to tax refunds), credits, rights to recover overpayments or other receivables, other than those related to Excluded Assets; and
  • All rights with respect to proofs of claim filed by or on behalf of any of the Debtors in any bankruptcy case other than the Chapter 11 Cases.

Sale Location

Javascript is required to view this map.
1000 North King Street
Wilmington, DE, 19801

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on May 3, 2021.
  3. Purchase Price: The aggregate consideration for the Purchased Assets (the “Purchase Price”) shall consist of: (i) a credit bid of the DIP Loans (including the deemed term “roll up” of up to $26,000,000 of Loans under the Credit Agreement (the “Roll-Up”)) pursuant to section 363(k) of the Bankruptcy Code (the “Credit Bid Amount”); (ii) assumption of the Assumed Liabilities; (iii) the value of any liens or claims granted by the sellers to the DIP Lenders as adequate protection for any diminution in value of the interests of the DIP Lenders in their collateral resulting from the use of cash collateral or otherwise; and (iv) Excluded Cash.
  4. Bid Increment: $250,000
  5. Bid Deposit: 10% of the purchase price
  6. Bid Deadline: April 22, 2021
  7. Last date to respond: April 22, 2021


Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.